Profound_Ambition

Profound_Ambition

Price has pulled back today & reached the previous lower high of the downtrend, along with the 50 fibonacci retracement & is at the previous structure support zone now turned into potential resistance. From this region here, I am looking for signs of a bearish reversal for price to resume the Current downtrend for a lower low into the key area of support

Profound_Ambition Updated 

Short position triggered on this pair today, as price has reached a key area of resistance & is rejecting this region on the lower timeframe. I am anticipating for price to move lower below this key resistance region here..

Profound_Ambition

Double top pattern formed at a supply zone (gray zone) & price broke through the neckline with a strong engulfing candle. Price has made a break & retest of the neckline support as new resistance, & below this region here I am looking for price to resume lower into the previous support below, & if that is broken, then a new potential lower low could be the scenario here.

Profound_Ambition Updated 

Price has reached a key area of previous structure now retested as new support rejecting off the previous higher low of the current uptrend. There are also 2 alignments of fibonacci in this key region, & this upcoming week I am anticipating for price to resume the uptrend for a higher high into the key trend line resistance above, which aligns with major...

Profound_Ambition Updated 

Beautiful structure on the dollar we can see last week that price retested the broken structure region & formed a lower high, along with making a break & retest of the major long term ascending trendline as resistance, we can look for price to resume the new downtrend for a new potential lower low into support below. Also, price closed as a Doji candlestick which...

Profound_Ambition

Price has cleared the key resistance region & retested / rejected as new support. I will be watching price action at the new support region for potential entry going into Asia session today. If price remains to hold the previous resistance as support we can anticipate for price to make a new potential higher high & complete the bullish wave.

Profound_Ambition Updated 

Price has reached the monthly retest zone along with the ascending trend line & 61.8 fibonacci retracement. This could be a big indication that price could be preparing to move higher again. Although, currently price has broken the last higher low structure support, so in order to get proper confirmation a conservative approach would be too look for price to break...

Profound_Ambition

Price failed to break the key resistance level once again, & a reaction occurred from resistance / the previous lower high of the downtrend. Price formed an indecision candle then a bearish candle which shows a shift of the momentum may be coming back to the downside again..

Profound_Ambition Updated 

Price has slowed down momentum here at the key higher timeframe downtrend structure region. This is a big indication that a potential reversal may be coming, as price is failing to break higher at this key region. A break of the rising channel on the higher timeframe & we may see the sellers come back in to push price lower.

Profound_Ambition

Price is approaching a key area of support & resistance below, which aligns with the ascending trend line. This region will be critical for this pair, as it can act as a strong area of support & could see a move back to the upside. However if price does breakdown this zone, a retest of the broken zone as resistance can provide some selling opportunities as...

Profound_Ambition

Price broke down this week heavily after failing to break the daily highs at the top, & the structure of the trend has shifted to bearish momentum. This upcoming week, I am looking for a pullback towards 1.21000 for a retest of a key area of broken S/R as new resistance, for price to resume lower.

Profound_Ambition Updated 

Price finished off last week with a powerful reaction off of the higher timeframe demand zone, & broke out of the falling channel pattern to the upside. This upcoming week, I am looking for a retest on the lower timeframe of the broken resistance to act as support for price to continue climbing.

Profound_Ambition Updated 

Price has broken the range to the upside after the strong reaction at support took place. Price has broken through resistance, I am looking for price to form a higher low on the lower timeframe to retest the broken resistance, as new support & continue higher up into key higher timeframe resistance.

Profound_Ambition Updated 

Price is following a downtrend making lower lows & highs. Price has pulled back to the 50 fibonacci retracement, along with retesting previous higher timeframe support as resistance creating a lower high. A head on shoulders formation is being formed here, & a breakout of the neckline to the downside may provide good selling opportunities for price to make a new...

Profound_Ambition Updated 

Price today is currently breaking the long term descending trend line that has tested over 3 times already, showing a strong bullish indication. However, price is approaching a key area of resistance above, where we can see looking left a lot of selling pressure occurred. From the key area, price could pullback to retest the broken trendline, building up momentum...

Profound_Ambition Updated 

Price broke out of the rising wedge pattern today after the strong bearish reaction occurred from resistance pushing price down with alot of momentum & breaking the lower timeframe structure. Price now may make a small correction to retest broken structure as new resistance, where we may see price move down again towards the regions below.

Profound_Ambition Updated 

Price is approaching the previous resistance zone, looking left has also acted as a clear & strong area of support & resistance in the past providing good opportunities. I am watching this key zone which aligns with the 38.2 fibonacci retracement of the previous impulsive move. From this key region, I am watching for price to resume the overall downtrend for a new...

Profound_Ambition Updated 

Price rejected the upper trend line & weekly resistance zone with 3 rejections, & a pin bar candlestick was made. This is showing signs that price will be preparing for a downside movement going into the CPI news tomorrow